Thursday, June 3, 2010

Daily Business Update from the Boston Globe

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Thursday, June 3, 2010

Javelin sues Hospira to complete merger agreement
Associated Press Javelin Pharmaceuticals Inc. said today that it has sued Hospira Inc. to get the drug and medical device maker to complete a merger announced in April. Javelin, which is based in Cambridge, Mass., said Hospira and its subsidiary,...

Millipore shareholders OK $6b sale to Merck
Globe Staff Biotech equipment maker Millipore Corp. said today that its shareholders have approved the company's $6 billion sale to German drug and chemical maker Merck KGaA. The $107-per-share deal was announced in February and represented about a 50 percent...

Verizon launches 'digital voice' service for FiOS customers
Globe Staff Verizon Communications, Inc. today launched an "enhanced" digital phone service -- FiOS Digital Voice -- that runs on its all-fiber-optic network. The new service has a number of features that are not available with Verizon's traditional "Freedom Essentials"...

Barefoot Books opens new flagship store in Concord
Globe Staff Barefoot Books, the independent children's publisher with offices in Cambridge, Mass. and Bath, England, has moved its flagship bookstore in Cambridge to a new location in Concord. The company, which has published more than 400 books since 1992,...

Converted Organics reports 90% sales growth
Converted Organics Inc. today announced that sales of its all-natural, organic fertilizer products from January 1 -- May 31, 2010 totaled $1.85 million, an increase of 90% over the same period in 2009. The company attributed the year-over-year sales growth...

TJX revenue comparison rises in May
Associated Press Discount retailer TJX Cos. Inc. said today that revenue at stores open at least a year rose in May, topping forecasts. The owner of T.J. Maxx, Marshalls and HomeGoods said revenue in stores open at least a year...

BJ's key revenue measure tops expectations
Associated Press BJ's Wholesale Club Inc. said today that its May revenue improved and an important performance measure topped expectations on strong gasoline sales. The warehouse club said revenue from stores open at least a year rose 6.8 percent. That's...

Mass. Senate to unveil 3-casino gambling bill
Associated Press The Massachusetts Senate is set to unveil this week a gambling bill that would allow three resort-style casinos while keeping a ban on slot machines at the state's four racetracks. Sen. Stanley Rosenberg, D-Amherst, said the proposal, which...

Parexel guidance disappoints and shares fall
Associated Press Pharmaceutical research contractor Parexel International Corp. reaffirmed its guidance for fourth-quarter and full-year earnings, in advance of a presentation for investors planned for today. But the outlook disappointed its investors, and shares fell in aftermarket trading. The company...

UMass hospital group union ratifies new contract
Associated Press The union representing about 1,300 lab workers, food service workers, housekeepers and other employees at UMass Memorial Health Care has ratified a new two-year contract. The vice president of United Food and Commercial Workers Union Local 1445 told...

Level 3 expanding in Boston
Globe Staff Level 3 Communications, Inc. is expanding its operations and enhancing its local presence in Boston. The provider of fiber-based communications services plans to add capacity to its network in the region and expand the number of businesses that...

Today in Globe Business
The state?s two largest health insurers again are seeking double-digit increases in the rates charged to small businesses and individuals, setting up another test of wills with regulators in the Patrick administration.

Wednesday, June 2, 2010

Google to offer US patent information for free
Engineers at search engine giant Google Inc.'s Cambridge laboratory are working with the US Patent and Trademark Office to make vast amounts of patent information available online for free.<

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